Opportunity to purchase a value add property located just a short walk to all of the shops and restaurants on S. Grand. There are a number of renovation projects happening in the area and rents have steadily raised over time. Built in 1926 with seven 2 bed apartments, seven 1 bed apartments, 3 studios and two commercial spaces. The commercial spaces are 1,920 sq ft and 1,480 sq ft and would generate approximately $12 per sq ft gross. The Building has been gutted and is ready for rehab and permits have already been approved for construction. Projected market rent after renovation is $850 for the 2 beds, $750 for the 1 beds, $650 for the studios, $1,920 and $1,480 for the commercial spaces. The building has a garage on the first floor for the tenants. There are building plans available to review. Property needs a full renovation and is being sold as-is.
Lot & Building Features
Assoc Fee Paid:None
Construction:Brick/Stone Msn Pred
Parking Description:On Street Parking, Parking Garage
Lot Dimensions:57x125x94x130 ft
Community and Schools
Elementary School:Froebel Elem.
Junior High School:Fanning Middle Community Ed.
Senior High School:Roosevelt High
Price History of 3935 Grand, St Louis, MO
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Listing information courtesy of: Invest St. Louis
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